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Invested Assets and Investment Income - Fair Values and the Fair Value Hierarchy of Invested Assets and Segregated Funds Net Assets Measured at Fair Value (Details)
$ in Millions
Dec. 31, 2024
CAD ($)
Dec. 31, 2023
CAD ($)
Dec. 31, 2022
CAD ($)
Disclosure of financial assets [line items]      
Cash and short-term securities $ 25,789 $ 20,338 $ 19,153
Debt securities 210,621 212,149  
Private placements 49,668 45,606  
Mortgages 54,447 52,421  
Public equities 33,725 25,531  
Real estate 13,263 13,049  
Other invested assets 52,674 45,680  
Segregated funds net assets 435,988 377,544  
Total assets 835,959 755,864  
Net asset value      
Disclosure of financial assets [line items]      
Other invested assets $ 31,435 $ 27,532  
Bottom of range | Power and Infrastructure Investments | Discount rate, measurement input      
Disclosure of financial assets [line items]      
Percentage of probability of default of financial instrument 0.0742 0.0735  
Bottom of range | Timberland | Discount rate, measurement input      
Disclosure of financial assets [line items]      
Percentage of probability of default of financial instrument 0.0325 0.0400  
Top of range | Power and Infrastructure Investments | Discount rate, measurement input      
Disclosure of financial assets [line items]      
Percentage of probability of default of financial instrument 0.2000 0.1560  
Top of range | Timberland | Discount rate, measurement input      
Disclosure of financial assets [line items]      
Percentage of probability of default of financial instrument 0.0625 0.0700  
Other      
Disclosure of financial assets [line items]      
Other invested assets $ 38,543 $ 33,653  
FVOCI      
Disclosure of financial assets [line items]      
Cash and short-term securities 19,909 13,993  
Private placements 48,802 44,952  
Mortgages 28,792 28,473  
Public equities 0 0  
FVTPL      
Disclosure of financial assets [line items]      
Cash and short-term securities 25 1  
Private placements 866 654  
Mortgages 1,239 1,055  
Public equities 33,725 25,531  
Other      
Disclosure of financial assets [line items]      
Cash and short-term securities 5,855 6,343  
Canadian government and agency      
Disclosure of financial assets [line items]      
Debt securities 19,727 20,988  
Canadian government and agency | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 18,671 19,769  
Canadian government and agency | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 1,056 1,219  
U.S. government and agency      
Disclosure of financial assets [line items]      
Debt securities 28,654 28,478  
U.S. government and agency | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 27,628 26,287  
U.S. government and agency | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 58 1,303  
Other government and agency      
Disclosure of financial assets [line items]      
Debt securities 35,470 30,666  
Other government and agency | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 35,402 30,576  
Other government and agency | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 68 90  
Corporate      
Disclosure of financial assets [line items]      
Debt securities 124,962 130,046  
Corporate | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 121,674 127,190  
Corporate | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 2,761 2,372  
Residential mortgage-backed securities | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 5 6  
Commercial mortgage-backed securities | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 270 370  
Commercial mortgage-backed securities | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 2 1  
Other securitized assets | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 1,516 1,579  
Other securitized assets | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 15 15  
Investment property      
Disclosure of financial assets [line items]      
Real estate 10,589 10,458  
Investment property | FVOCI      
Disclosure of financial assets [line items]      
Real estate 0 0  
Investment property | FVTPL      
Disclosure of financial assets [line items]      
Real estate 0 0  
Real estate - own use property      
Disclosure of financial assets [line items]      
Real estate $ 2,500 $ 2,430  
Real Estate Properties | Bottom of range | Capitalisation rate, measurement input      
Disclosure of financial assets [line items]      
Percentage of probability of default of financial instrument 0.0310 0.0272  
Real Estate Properties | Bottom of range | Terminal capitalization rate, measurement input      
Disclosure of financial assets [line items]      
Percentage of probability of default of financial instrument 0.0310 0.0300  
Real Estate Properties | Bottom of range | Discount rate, measurement input      
Disclosure of financial assets [line items]      
Percentage of probability of default of financial instrument 0.0360 0.0320  
Real Estate Properties | Top of range | Capitalisation rate, measurement input      
Disclosure of financial assets [line items]      
Percentage of probability of default of financial instrument 0.0950 0.1075  
Real Estate Properties | Top of range | Terminal capitalization rate, measurement input      
Disclosure of financial assets [line items]      
Percentage of probability of default of financial instrument 0.1000 0.1000  
Real Estate Properties | Top of range | Discount rate, measurement input      
Disclosure of financial assets [line items]      
Percentage of probability of default of financial instrument 0.1375 0.1400  
Level 1      
Disclosure of financial assets [line items]      
Segregated funds net assets $ 399,043 $ 343,061  
Total assets 438,625 374,895  
Level 1 | Other      
Disclosure of financial assets [line items]      
Other invested assets 77 68  
Level 1 | FVOCI      
Disclosure of financial assets [line items]      
Cash and short-term securities 0 0  
Private placements 0 0  
Mortgages 0 0  
Level 1 | FVTPL      
Disclosure of financial assets [line items]      
Cash and short-term securities 0 0  
Private placements 0 0  
Mortgages 0 0  
Public equities 33,650 25,423  
Level 1 | Other      
Disclosure of financial assets [line items]      
Cash and short-term securities 5,855 6,343  
Level 1 | Canadian government and agency | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 1 | Canadian government and agency | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 1 | U.S. government and agency | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 1 | U.S. government and agency | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 1 | Other government and agency | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 1 | Other government and agency | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 1 | Corporate | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 1 | Corporate | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 1 | Residential mortgage-backed securities | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 1 | Commercial mortgage-backed securities | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 1 | Commercial mortgage-backed securities | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 1 | Other securitized assets | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 1 | Other securitized assets | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 1 | Investment property      
Disclosure of financial assets [line items]      
Real estate 0 0  
Level 1 | Real estate - own use property      
Disclosure of financial assets [line items]      
Real estate 0 0  
Level 2      
Disclosure of financial assets [line items]      
Segregated funds net assets 33,611 30,991  
Total assets 303,460 293,412  
Level 2 | Other      
Disclosure of financial assets [line items]      
Other invested assets 0 0  
Level 2 | FVOCI      
Disclosure of financial assets [line items]      
Cash and short-term securities 19,909 13,993  
Private placements 40,038 37,270  
Mortgages 0 0  
Level 2 | FVTPL      
Disclosure of financial assets [line items]      
Cash and short-term securities 25 1  
Private placements 730 575  
Mortgages 0 0  
Public equities 75 67  
Level 2 | Other      
Disclosure of financial assets [line items]      
Cash and short-term securities 0 0  
Level 2 | Canadian government and agency | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 18,671 19,769  
Level 2 | Canadian government and agency | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 1,056 1,219  
Level 2 | U.S. government and agency | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 27,628 26,287  
Level 2 | U.S. government and agency | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 58 1,303  
Level 2 | Other government and agency | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 35,392 30,566  
Level 2 | Other government and agency | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 68 90  
Level 2 | Corporate | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 121,630 126,959  
Level 2 | Corporate | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 2,761 2,372  
Level 2 | Residential mortgage-backed securities | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 5 6  
Level 2 | Commercial mortgage-backed securities | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 270 370  
Level 2 | Commercial mortgage-backed securities | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 2 1  
Level 2 | Other securitized assets | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 1,516 1,558  
Level 2 | Other securitized assets | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 15 15  
Level 2 | Investment property      
Disclosure of financial assets [line items]      
Real estate 0 0  
Level 2 | Real estate - own use property      
Disclosure of financial assets [line items]      
Real estate 0 0  
Level 3      
Disclosure of financial assets [line items]      
Segregated funds net assets 3,334 3,492  
Total assets 93,874 87,557  
Level 3 | Other      
Disclosure of financial assets [line items]      
Other invested assets 38,466 33,585  
Level 3 | FVOCI      
Disclosure of financial assets [line items]      
Cash and short-term securities 0 0  
Private placements 8,764 7,682  
Mortgages 28,792 28,473  
Level 3 | FVTPL      
Disclosure of financial assets [line items]      
Cash and short-term securities 0 0  
Private placements 136 79  
Mortgages 1,239 1,055  
Public equities 0 41  
Level 3 | Other      
Disclosure of financial assets [line items]      
Cash and short-term securities 0 0  
Level 3 | Canadian government and agency | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 3 | Canadian government and agency | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 3 | U.S. government and agency | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 3 | U.S. government and agency | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 3 | Other government and agency | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 10 10  
Level 3 | Other government and agency | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 3 | Corporate | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 44 231  
Level 3 | Corporate | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 3 | Residential mortgage-backed securities | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 3 | Commercial mortgage-backed securities | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 3 | Commercial mortgage-backed securities | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 3 | Other securitized assets | FVOCI      
Disclosure of financial assets [line items]      
Debt securities 0 21  
Level 3 | Other securitized assets | FVTPL      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Level 3 | Investment property      
Disclosure of financial assets [line items]      
Real estate 10,589 10,458  
Level 3 | Real estate - own use property      
Disclosure of financial assets [line items]      
Real estate $ 2,500 $ 2,430